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Energy Transfer Equity LP (ETE.N)

ETE.N on New York Stock Exchange

16.48USD
2 Dec 2016
Change (% chg)

$0.17 (+1.04%)
Prev Close
$16.31
Open
$16.30
Day's High
$16.81
Day's Low
$16.05
Volume
1,383,590
Avg. Vol
1,296,208
52-wk High
$19.99
52-wk Low
$4.00

Latest Key Developments (Source: Significant Developments)

Sunoco LP ups quarterly distribution
Tuesday, 26 Jul 2016 04:10pm EDT 

Sunoco LP : Declared a quarterly distribution for Q2 of 2016 of $0.8255 per common unit . Sunoco LP announces 1.0% increase in quarterly distribution .Board of directors of its general partner has declared a quarterly distribution for Q2 of 2016 of $0.8255 per common unit.  Full Article

S&P says Energy Transfer Equity's ratings affirmed; outlook stable
Tuesday, 5 Jul 2016 10:59am EDT 

S&P Global Ratings : Energy transfer Equity L.P. Ratings affirmed and taken off creditwatch negative; outlook stable Source (http://bit.ly/29vEejp) Further company coverage: [ETE.N] ((Bengaluru Newsroom; +1 646 223 8780;)).  Full Article

Williams comments on ETE's decision to terminate merger agreement
Wednesday, 29 Jun 2016 09:51am EDT 

Williams Companies Inc : Williams comments on ETE's decision to terminate merger agreement . "Energy Transfer Equity, L.P. has provided notice that it is attempting to terminate merger agreement" . "Williams will seek damages against ETE" . Says to seek, among other remedies, monetary damages from ETE for its breaches .Williams Companies says "does not believe ETE had right to terminate merger agreement because ETE breached merger agreement by failing to cooperate".  Full Article

Fitch says Williams Companies remains on rating watch negative following unfavorable ruling
Monday, 27 Jun 2016 03:27pm EDT 

Fitch :Williams Companies remains on rating watch negative following unfavorable ruling.  Full Article

Fitch: ruling for ETE neutral to ratings
Monday, 27 Jun 2016 03:25pm EDT 

Fitch: Fitch: ruling for ETE neutral to ratings; merger uncertainty continues .Believes termination of merger with Williams Companies is marginally beneficial to ETE's near-term credit profile but not enough to impact ratings.  Full Article

Williams Companies stockholders approve merger transaction with ETE
Monday, 27 Jun 2016 03:25pm EDT 

Williams Companies Inc : Williams stockholders approve merger transaction with ETE, and Williams launches appeal of merger ruling in Delaware Supreme Court .At special meeting today, 477.5 million shares or more than 80 percent of votes cast at special meeting voted in favor of merger.  Full Article

Energy Transfer Equity announces Chancery Court decision in litigation with the Williams Companies
Friday, 24 Jun 2016 08:05pm EDT 

Energy Transfer Equity: Energy Transfer Equity announces Chancery Court decision in litigation with the Williams Companies .Delaware Chancery Court holds that ETE is contractually entitled to terminate its merger agreement with Williams.  Full Article

Judge in ETE-Williams trial to rule "sometime Friday"
Tuesday, 21 Jun 2016 04:30pm EDT 

: Judge in Energy Transfer Equity -Williams Cos Inc trial says he will rule "sometime friday" (Reporting By Michael Erman) ((Michael.Erman@thomsonreuters.com;)).  Full Article

Energy Transfer Equity, Williams not in talks over revised deal - CNBC
Wednesday, 1 Jun 2016 09:49am EDT 

: Energy Transfer Equity, Williams not in talks over revised deal - CNBC, citing sources (Bengaluru Newsroom) ((+1 646 223 8780;)).  Full Article

ETE files counterclaim saying Williams breached deal pact
Thursday, 26 May 2016 05:03pm EDT 

Energy Transfer Equity Lp : Filed its affirmative defenses and counterclaim in lawsuit brought by Williams Companies Inc. . Counterclaim alleges that Williams has breached merger agreement entered into with ETE on September 28, 2015 . ETE seeks a declaratory judgment that Williams has breached merger agreement . ETE seeks a judgment that due to Williams' breaches of agreement, ETE is entitled to immediately terminate merger agreement . In event Latham & Watkins is not able to deliver a tax opinion prior to June 28, 2016 ETE will be entitled to terminate agreement without penalty . In event ETE is entitled to and terminates merger due to change of Williams recommendation of deal, Williams would owe ETE fee of $1.48 billion . ETE believes that there is a substantial risk that closing condition relating to tax opinion will not be met or waived .On May 24, district court of Dallas, Texas granted a motion to dismiss lawsuit brought by Williams against Kelcy Warren.  Full Article

Energy Transfer MLPs Sunoco Logistics and ETP to combine

Pipeline companies Sunoco Logistics Partners LP and Energy Transfer Partners (ETP) , both of which are controlled by general partner Energy Transfer Equity LP , said on Monday they would combine in a corporate consolidation to cut borrowing and operating costs.